Everyone's got 2c on bitcoin but here's mine: I don't consider the price of crypto when looking to see progress / success.
Could you explain to somebody why Bitcoin is successful without mentioning that the price goes up, by talking only about the technology, product, and adoption? What if that person was unimpressed by Bitcoin 5 years ago, could you explain what changed in the last 5 years (again, not mentioning change in price) to change their opinion of bitcoin?
AFAICT the main changes in Bitcoin in the past 5 years have been some incremental evolution of the technology that I'm not aware of changing the fundamental usage of the product in any way (SegWit, LN, and most recently Taproot).
A note on blockchain proliferation: The author considers it a bad sign that there's an explosion in new blockchains. While I also consider it a bad sign for Bitcoin, I think it's a good thing for the ecosystem. My hope is that some day we'll have ubiquitous inter-chain protocols so, rather than obsessively hyping the coin/chain we're invested in, we can move all our digital assets and contracts to whatever blockchain offers the best technology, the best performance, and the lowest fees. This will allow for increased competition and evolution in the blockchain space. You can see the beginnings of this movement in some places, but it has a long way to go.
Could you explain to somebody why Bitcoin is successful without mentioning that the price goes up, by talking only about the technology, product, and adoption? What if that person was unimpressed by Bitcoin 5 years ago, could you explain what changed in the last 5 years (again, not mentioning change in price) to change their opinion of bitcoin?
AFAICT the main changes in Bitcoin in the past 5 years have been some incremental evolution of the technology that I'm not aware of changing the fundamental usage of the product in any way (SegWit, LN, and most recently Taproot).
A note on blockchain proliferation: The author considers it a bad sign that there's an explosion in new blockchains. While I also consider it a bad sign for Bitcoin, I think it's a good thing for the ecosystem. My hope is that some day we'll have ubiquitous inter-chain protocols so, rather than obsessively hyping the coin/chain we're invested in, we can move all our digital assets and contracts to whatever blockchain offers the best technology, the best performance, and the lowest fees. This will allow for increased competition and evolution in the blockchain space. You can see the beginnings of this movement in some places, but it has a long way to go.